# Virginia SB490: Mixed-income housing; creating a two-year pilot program that provides loan origination, etc. Virginia SB490, Mixed-income housing; creating a two-year pilot program that provides loan origination, etc., is a 2026 Regular Session Senate bill sponsored by Schuyler T. VanValkenburg (Democratic); status signed, last action 2026-04-22 (House concurred in Governor's recommendation (75-Y 23-N 0-A)); PRIA reads it as touching household money (as of 2026-10-12). - Canonical: https://policyrisk.com/state-bill/VA-SB490-2026 - As of: 2026-10-12 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Virginia SB490 - State: Virginia - Session: 2026 Regular Session - Title: Mixed-income housing; creating a two-year pilot program that provides loan origination, etc. - Status: signed - Chamber: Senate - Introduced: 2026-01-13 - Last action: 2026-04-22, House concurred in Governor's recommendation (75-Y 23-N 0-A) - Sponsor: Schuyler T. VanValkenburg (Democratic) - Cosponsors: 0 - Touches household money: yes - Roll calls: 15 (486 yes, 130 no in all) - Economic provisions PRIA read: 1 ## Summary Department of Housing and Community Development; loans for the construction of mixed income housing; report. Directs the Department of Housing and Community Development, in collaboration with the Virginia Housing Development Authority, to create a two-year pilot program that would provide loan origination and servicing activities for mixed income housing and submit a report on its findings to the General Assembly by November 1 of each year of the pilot program. The bill provides that any funding for the pilot program, subject to the appropriation act, shall be utilized from up to 15 percent of the annual deposit made to the Virginia Housing Trust Fund. This bill is identical to HB 196 and HB 820. ## Bill overview: provisions PRIA read - Lower-interest loans for mixed-income housing: benefit, low. The law creates a two-year pilot run by the state housing department and the Virginia Housing Development Authority. They provide lower-interest loans to approved entities, including developers, nonprofits, and public bodies, to buy, build, or rehab mixed-income housing. Loans can also pay for site… ## Sponsors and cosponsors - Sponsor: Schuyler T. VanValkenburg (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-22 | Senate | Senate concurred in Governor's recommendation | pass | 39 | 0 | | | 2026-04-22 | House | House concurred in Governor's recommendation | pass | 75 | 23 | | | 2026-03-14 | House | Conference report agreed to by House | pass | 66 | 30 | | | 2026-03-13 | Senate | Conference report agreed to by Senate | pass | 39 | 0 | | | 2026-03-09 | Senate | Senate acceded to request Block Vote | pass | 40 | 0 | | | 2026-03-04 | Senate | House substitute rejected by Senate | fail | 0 | 40 | | | 2026-03-02 | House | Passed House with substitute | pass | 67 | 32 | | | 2026-02-25 | House | Reported from Appropriations with substitute | pass | 17 | 5 | | | 2026-02-16 | Senate | Committee substitute rejected (Voice Vote) | pass | 0 | 0 | | | 2026-02-16 | Senate | Constitutional reading dispensed Block Vote (on 3rd reading) | pass | 39 | 0 | | | 2026-02-16 | Senate | Read third time and passed Senate Block Vote | pass | 39 | 0 | | | 2026-02-16 | Senate | Committee substitute agreed to (Voice Vote) | pass | 0 | 0 | | | 2026-02-13 | Senate | Constitutional reading dispensed Block Vote (on 1st reading) | pass | 35 | 0 | | | 2026-02-12 | Senate | Reported from Finance and Appropriations with substitute | pass | 15 | 0 | | | 2026-02-04 | Senate | Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations | pass | 15 | 0 | | ## Actions (63) - 2026-04-22: House concurred in Governor's recommendation (75-Y 23-N 0-A) (House) - 2026-04-22: Senate concurred in Governor's recommendation (39-Y 0-N 0-A) (Senate) - 2026-04-22: Acts of Assembly Chapter text (CHAP1012) (Governor) - 2026-04-22: Reenrolled bill text (SB490ER2) (Senate) - 2026-04-22: Reenrolled (Senate) - 2026-04-22: Approved by Governor-Chapter 1012 (effective 7/1/2026) (Governor) - 2026-04-22: Signed by President (Senate) - 2026-04-22: Signed by Speaker (House) - 2026-04-22: Governor's recommendation adopted (Governor) - 2026-04-12: Governor's recommendation received by Senate (Governor) - 2026-03-31: Fiscal Impact Statement from Department of Planning and Budget (SB490) (Senate) - 2026-03-31: Governor's Action Deadline 11:59 p.m., April 13, 2026 (Governor) - 2026-03-31: Enrolled Bill communicated to Governor on March 31, 2026 (Senate) - 2026-03-31: Signed by Speaker (House) - 2026-03-30: Bill text as passed Senate and House (SB490ER) (Senate) - 2026-03-30: Enrolled (Senate) - 2026-03-30: Signed by President (Senate) - 2026-03-14: Conference report agreed to by House (66-Y 30-N 0-A) (House) - 2026-03-13: Conference report agreed to by Senate (39-Y 0-N 0-A) (Senate) - 2026-03-13: Conference Report released - 2026-03-10: House Conferees: Helmer, Thomas, Wiley (House) - 2026-03-10: Conferees appointed by House (House) - 2026-03-09: Senate acceded to request Block Vote (40-Y 0-N 0-A) (Senate) - 2026-03-09: Senate Conferees: VanValkenburg, Locke, Pillion (Senate) - 2026-03-09: Conferees appointed by Senate (Senate) - 2026-03-05: House requested conference committee (House) - 2026-03-05: House insisted on substitute (House) - 2026-03-04: House substitute rejected by Senate (0-Y 40-N 0-A) (Senate) - 2026-03-02: Fiscal Impact Statement from Department of Planning and Budget (SB490) (Senate) - 2026-03-02: Passed House with substitute (67-Y 32-N 0-A) (House) - 2026-03-02: Engrossed by House - committee substitute (House) - 2026-03-02: committee substitute agreed to (House) - 2026-03-02: Read third time (House) - 2026-02-27: Read second time (House) - 2026-02-25: Committee substitute printed 26108542D-H1 (House) - 2026-02-25: House committee offered (House) - 2026-02-25: Reported from Appropriations with substitute (17-Y 5-N) (House) - 2026-02-19: Assigned HAPP sub: Commerce Agriculture & Natural Resources (House) - 2026-02-19: Referred to Committee on Appropriations (House) - 2026-02-19: Read first time (House) - 2026-02-19: Placed on Calendar (House) - 2026-02-18: Fiscal Impact Statement from Department of Planning and Budget (SB490) (Senate) - 2026-02-16: Read third time and passed Senate Block Vote (39-Y 0-N 0-A) (Senate) - 2026-02-16: Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 0-N 0-A) (Senate) - 2026-02-16: Committee substitute agreed to (Voice Vote) (Senate) - 2026-02-16: Committee substitute rejected (Voice Vote) (Senate) - 2026-02-16: Blank Action (Senate) - 2026-02-16: Rules suspended (Senate) - 2026-02-16: Engrossed by Senate - committee substitute Block Vote (Voice Vote) (Senate) - 2026-02-16: Read second time (Senate) - 2026-02-13: Committee substitute printed 26107936D-S2 (Senate) - 2026-02-13: Constitutional reading dispensed Block Vote (on 1st reading) (35-Y 0-N 0-A) (Senate) - 2026-02-13: Passed by for the day (Senate) - 2026-02-13: Rules suspended (Senate) - 2026-02-12: Reported from Finance and Appropriations with substitute (15-Y 0-N) (Senate) - 2026-02-05: Fiscal Impact Statement from Department of Planning and Budget (SB490) (Senate) - 2026-02-05: Committee substitute printed 26106993D-S1 (Senate) - 2026-02-04: Senate committee offered (Senate) - 2026-02-04: Reported from General Laws and Technology with substitute and rereferred to Finance and Appropriations (15-Y 0-N) (Senate) - 2026-01-28: Senate subcommittee offered (Senate) - 2026-01-21: Assigned GL&T sub: Housing (Senate) - 2026-01-13: Referred to Committee on General Laws and Technology (Senate) - 2026-01-13: Prefiled and ordered printed; Offered 01-14-2026 26103258D (Senate) ## Bill text - Chaptered, 2026-04-22: [HTML](https://lis.blob.core.windows.net/files/1225083.HTML), [PDF](https://lis.blob.core.windows.net/files/1225082.PDF) - Reenrolled, 2026-04-22: [HTML](https://lis.blob.core.windows.net/files/1220834.HTML), [PDF](https://lis.blob.core.windows.net/files/1220833.PDF) - Gov Recommendation, 2026-04-12: [HTML](https://lis.blob.core.windows.net/files/1219818.HTML) - Enrolled, 2026-03-30: [HTML](https://lis.blob.core.windows.net/files/1214346.HTML), [PDF](https://lis.blob.core.windows.net/files/1214345.PDF) - Conference Report, 2026-03-13: [HTML](https://lis.blob.core.windows.net/files/1210624.HTML) - Substitute, 2026-02-25: [HTML](https://lis.blob.core.windows.net/files/1181427.HTML), [HTML](https://lis.blob.core.windows.net/files/1181278.HTML), [PDF](https://lis.blob.core.windows.net/files/1181277.PDF), [PDF](https://lis.blob.core.windows.net/files/1181426.PDF) - Substitute, 2026-02-13: [HTML](https://lis.blob.core.windows.net/files/1148377.HTML), [PDF](https://lis.blob.core.windows.net/files/1148376.PDF) - Substitute, 2026-02-05: [HTML](https://lis.blob.core.windows.net/files/1127965.HTML), [PDF](https://lis.blob.core.windows.net/files/1127964.PDF) - Substitute, 2026-02-04: [HTML](https://lis.blob.core.windows.net/files/1124148.HTML), [PDF](https://lis.blob.core.windows.net/files/1124147.PDF) - Substitute, 2026-01-28: [HTML](https://lis.blob.core.windows.net/files/1100463.HTML), [PDF](https://lis.blob.core.windows.net/files/1100462.PDF) - Introduced, 2026-01-13: [HTML](https://lis.blob.core.windows.net/files/1090473.HTML), [PDF](https://lis.blob.core.windows.net/files/1090472.PDF) ## Related bills - HB5: Employment; paid sick leave, civil penalties. (signed) - SB199: Employment; paid sick leave, civil penalties. (signed) - HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed) - HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed) - HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed) - HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed) ## Sources - [Chaptered (HTML)](https://lis.blob.core.windows.net/files/1225083.HTML) - [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1225082.PDF) - [Reenrolled (HTML)](https://lis.blob.core.windows.net/files/1220834.HTML) - [Reenrolled (PDF)](https://lis.blob.core.windows.net/files/1220833.PDF) - [Gov Recommendation (HTML)](https://lis.blob.core.windows.net/files/1219818.HTML) - [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1214346.HTML) - [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1214345.PDF) - [Conference Report (HTML)](https://lis.blob.core.windows.net/files/1210624.HTML) - [Substitute (HTML)](https://lis.blob.core.windows.net/files/1181427.HTML) - [Substitute (HTML)](https://lis.blob.core.windows.net/files/1181278.HTML) - [Substitute (PDF)](https://lis.blob.core.windows.net/files/1181277.PDF) - [Substitute (PDF)](https://lis.blob.core.windows.net/files/1181426.PDF) - [Substitute (HTML)](https://lis.blob.core.windows.net/files/1148377.HTML) - [Substitute (PDF)](https://lis.blob.core.windows.net/files/1148376.PDF) - [Substitute (HTML)](https://lis.blob.core.windows.net/files/1127965.HTML) - [Substitute (PDF)](https://lis.blob.core.windows.net/files/1127964.PDF) - [Substitute (HTML)](https://lis.blob.core.windows.net/files/1124148.HTML) - [Substitute (PDF)](https://lis.blob.core.windows.net/files/1124147.PDF) - [Substitute (HTML)](https://lis.blob.core.windows.net/files/1100463.HTML) - [Substitute (PDF)](https://lis.blob.core.windows.net/files/1100462.PDF) - [Introduced (HTML)](https://lis.blob.core.windows.net/files/1090473.HTML) - [Introduced (PDF)](https://lis.blob.core.windows.net/files/1090472.PDF) ## Related - [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026) - [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026) - [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026) - [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026) - [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026) - [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026) - [Virginia bills](https://policyrisk.com/states/virginia/bills) - [Virginia state hub](https://policyrisk.com/states/virginia) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/VA-SB490-2026 (as of 2026-10-12).